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    • Distorted Vision
    • By Distorted Vision 17th Mar 17, 6:13 PM
    • 394Posts
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    Distorted Vision
    What does RV mean in a mortgage application
    • #1
    • 17th Mar 17, 6:13 PM
    What does RV mean in a mortgage application 17th Mar 17 at 6:13 PM
    I was reading the mortgage broker notes on a Buy To Let Mortgage application. What does the acronym RV mean?

    "Currently overpays and will continue to do so. Rent is increasing so OVERPAYMENT will increase to £800 pcm taking up to 10%. If this is not acceptable, sale of property is also RV."
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    • minimike2
    • By minimike2 17th Mar 17, 6:18 PM
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    minimike2
    • #2
    • 17th Mar 17, 6:18 PM
    • #2
    • 17th Mar 17, 6:18 PM
    Repayment Vehicle.
    I am a mortgage industry professional. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
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